WebSection 9A provides that in the case of an eligible investment fund, the fund management activity carried out through an eligible fund manager acting on behalf of such fund shall not constitute business connection in India of the said fund (subject to certain conditions). WebTax Audit Limit For AY 2024-22 obliged to get his accounts audited, if his entire sales, turnover, or gross receipts, in business exceed or exceed one crore rupees in any preceding year.

What is Tax Audit Limit for the AY 2024-23? CA Rajput Jain

WebIndividuals and HUFs can choose between the new or old tax regime and pay applicable income tax as per slabs and rates for FY 2024-22 (AY 2024-23). This option to Individuals and HUF for payment of taxes at the reduced rates from Assessment Year 2024-22 and onwards are under the conditions that they don't claim the normal concessions available. . WebDec 25, 2024 · 1. The receipts tax return filled by the taxpayer is process by the Central Processing Centre (CPC) of the Income Levy Department. The CPC (Centralized Processing Centre) in Bangalore is in-charge of handling whole the primary processing of assessments. The CPC processes get without any interaction with the taxpayer furthermore in a … novak at wimbledon

What is Tax Audit Limit for the AY 2024-23? CA Rajput Jain

WebApr 14, 2024 · Surface Studio vs iMac – Which Should You Pick? 5 Ways to Connect Wireless Headphones to TV. Design http://www.referencer.in/Income_Tax/Income_Tax_Rates_AY_2024-23.aspx WebSep 22, 2024 · As mentioned above, this limit of ₹1 crore for a tax audit is proposed to be increased further to ₹5 crore from FY 2024-20. This limit will be applicable if the cash receipts of a taxpayer are limited to 5% of the gross receipts or turnover and the cash payments of a taxpayer are limited to 5% of aggregate payments. novak brothers and gieber auction